1. What is pip?

Introduction to Pips in Tokens Trading

In Tokens trading, a pip refers to the smallest unit of price movement for Tokens. It is the basic unit for measuring changes in Tokens prices, similar to pips in forex trading.

Basic Concepts of Tokens Trading

• Pip: The smallest unit of price movement for Tokens, usually the last decimal place in the quote.
• Lot: The basic unit of trading, typically a batch of Tokens.
• Spread: The difference between the buying price (Bid) and the selling price (Ask), usually considered a trading cost.

Characteristics of Tokens Trading

• Zero-sum game: In Tokens trading, one party's profit is equal to the other party's loss.
• Price volatility: Tokens prices may fluctuate significantly due to various events, such as changes in project development plans, forks, and changes in exchange fees.

Analysis Methods in Tokens Trading

• Fundamental analysis: Price predictions based on news and the financial performance of Tokens.
• Market sentiment analysis: Understanding market participants' views on specific assets to predict price increases or decreases.
• Technical analysis: Chart analysis based on historical data and trading volumes to identify chart patterns and indicator values.

In summary, a pip in Tokens trading is the basic unit for measuring price changes, and understanding the fundamental concepts and analysis methods of Tokens trading is crucial for successful trading.

2. Who founded pip?

According to the provided information, there are two different explanations regarding the founders of the Tokens or the project named "PIP":

1. PIP Labs: PIP Labs is the core contributor team for the intellectual property blockchain Story, co-founded by a serial entrepreneur with a $440 million exit record and the youngest product manager at Deepmind.

2. Pip: Another project named "Pip," whose founder is Umit Akcan, established in 2022.

Therefore, with respect to the name "PIP," the specific founders need to be determined based on the project's background. For PIP Labs, the founders are the serial entrepreneur and the Deepmind product manager mentioned above; while for the other project named "Pip," the founder is Umit Akcan.

3. Which venture capital firms invested in pip?

According to the provided information, the following venture capital firms have invested in Tokens-related projects, but there is no direct mention of "pip" (which may refer to price interest points, commonly used in forex trading rather than Tokens investment):

1. Hack VC: Focused on early-stage investments, investing in crypto infrastructure, including projects like io.net, Initia, AltLayer, imgnAI, etc.
2. Polychain Capital: Collaborated with Hack VC to invest in multiple crypto projects.
3. Founders Fund: Invested in the Tokens startup Tagomi Systems Inc., aimed at optimizing TokensBlock.
4. Dragonfly Capital: Co-founded by Alexander and Feng Bo, investing in multiple crypto projects, including Basis and some Tokens exchanges.

These firms mainly invest in crypto infrastructure, DeFi, and CeFi projects rather than directly in the concept of "pip."

4. How does pip work?

In Tokens trading, the concept of "pip" is similar to that in forex trading, but due to the different price volatility and quoting methods of Tokens, the specific operation differs. Below is an explanation of "pip" in Tokens:

1. Definition: In Tokens trading, a "pip" usually refers to the smallest unit of price change. Due to the high volatility of Tokens prices, smaller units are often used to represent price changes.

2. Calculation: Similar to forex trading, the value of a "pip" in Tokens depends on the trading instrument and volume. For example, if trading Bitcoin/USD (BTC/USD), the value of a "pip" might be $0.01 or $0.0001, depending on the quoting precision of the trading platform.

3. Quoting Precision: Tokens trading platforms may use different quoting precisions, such as four or five decimal places. For four decimal places, a "pip" usually equals 0.0001; for five decimal places, a "pip" typically equals 0.00001.

4. Trading Strategy: Understanding the concept of "pip" is very important for Tokens traders as it helps them calculate profits and losses and develop effective risk management strategies.

In conclusion, the concept of "pip" in Tokens is similar to that in forex trading, but its specific operation depends on the quoting precision of the trading platform and the characteristics of the trading instruments.